The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-10-30
FRANCKLYN JAILED.
The Very Dark Aspect of His
Affairs.
HIS EVERLASTING BLAsTlNG.'
Damaging Admissions-Six Hundre,
Thousai 81 Horn Silver Funds
Where Art Thou?

social circles yesterday no more of
stir could have been created than the
that Mr.. Charles G.
had been arrested, accused
of the conversion of something like
So 900, 900 belonging to his cousin, Sir
Bsche Cunsrd, Bart, of London.
At noon Mr.. Francklyn, in company
with Clerk of Arrest Martin, of the Sher-
IFS Office, and Deputies Young and
Walsh, came down town to the Office
of his attorneys. Messrs. Butler, Still
man & Hubbard, of No. 81 Wall street.
he appeared none the worse for his stay
of night in Ludlow Street Jail and
was in excellent spirits. Soon after his
q notary public was sent
for, and Mr.. Frsncklyn commenced a
statement of his transactions with Sir
Bache Cunard that was continued, with
frequent Interruptions, throughout ehe
day.
BAIL OFFERED BY FRIENDS.
"Several of Mr.. Francklyn's warmest
friends have offered to enter bail for
him." said Mr.. hoffman. land we will
have no trouble in that direction. One
millionaire has offered to assume the
entire amount of security, as has also
q weil-known bank president. but can
not make the names of these gentlemen
public until the amounts for which
they will enter security are agreed
upon: This will be done tomorrow
morning"
In answer to question whether q
motion would be made to vacate the
order of arrest Mr.. hoffman said that
the course to be pursued to-day had
not been decided upon.
THEY WERE JOINT VENTURES, HE SAYS.
Concerning the charges of conversion
Mr.. Franoklyn's counsel said that the
undertakings of his client had been
Joint ventures with Sir Bache Cunard,
and that the losses sustained should
have been borne by both. The present
to settle upon Mr.. Francklyn the losses
he has borne, but also those of Sir
Bache Cunard.
When Mr.. Francklyn left the Office,
at half-past o'clock, one of his coun.
sci said that he would go TO hotel for
dinner with the two deputies, and that
he would remain there for the night.
He refused to name the hotel.
Messrs. Whitlock & Simonds, who
are attorneys for Sir Bache Cunsrd.
said that the suit had nothing to do
with the affairs of the Horn Silver Min.
ing Company, and that the arrest was
solely on the charges of conversion of
the baronet's property while acting in
the capacity of private and confidential
agent. The case was a family affair
and brought with great reluctance only
when Mr.. Francklyn had failed to
repay the large amounts of money in
trusted to his care.
SIR BACHE CUEARD's COMPLAINT.
The complaint sets forth that on
September "a, 1872. Sir Bache employed
Mr.. Francklyn as his private agent, to
ties valued at 81 100000. In 1888 an
in Mr.. Francklyn's hands for invest
ment. These sums remained in Mr..
Francklyn's possession until 1885, when
Sir Bache Cunard demanded the de-
livery to him of all the securities and
cash held for his account Mr.. Franck-
iyn paid him 1923 $50. The complaint
further charges that Mr.. Franckiyn
refuses to deliver cash and securities to
the value of So 900 900 and has converted
this to his own use.
The baronet's attorneys also say that
the grounds for their clients charges
are statements rendered to Sir Bache by
Mr.. Francklyn in his own handwriting
and various letters in which the con-
version is admitted by Mr.. Francklyn.
Rehearsing the particulars of the
transactions, the papers show that in
1872 Mr.. Francklyn, who was then ex-
ecutor for the estate of Sir Edward
CunRrd, Bart, father of Sir Bache Gu
riard, was directed to make final &C
counting by decree of the Surrogate's
Court and to pay over to Sir Bache
securities and cash aggregating 1868,
324.56. All this was continued in his
charge as his relatives agent, with the
addition of 100000 belonging to the
estate of Edward Cunard, Q brother of
Sir Beche.
AN ACCOUNTING DEMANDED.
The first intimstion Sir Bsche had
that all was not right, he declares, was
in 1885, when, having occasion to use a
large amount of money, he cabled Mr..
Francklyn to sell some of his securi-
ties and transmit the money. This Mr..
FranckIyn failed to do. Sir Bsche
then came to New York aud demanded
an accounting, but Mr.. Francklyn was
not able to deliver the securities, and
admitted that he had converted s5O0, 600
to his own uses.
he requested that no legal proceed
ings be taken against him, and Sir
Bache, relying upon his promises of re
payment and unwilling to disgrace a re
fative, did not institute a suit. Mr..
Francklyn subsequently made an &C
counting to Sir Bache's brother, Gordon
Cunard, and delivered bonds and securi,
ties amounting to 1923 $50.
In statement of his affairs appears
among other entries the following:
Bonds sold and to be replaced. . s145, AIS. O5
Long Branch water stock, pledged. 7,5OO.OO
Consolidated gas stock, pledged il
Loan account with c. G. Frsncklyn 162, 4l7.5S
TOTAL. -$SU5, 396. 5S